CE Course Description

The purpose and objective of this course is to provide the student with information and insight about the ethical obligation regarding “Identity Theft”, especially as it relates to the potential negative impact on consumers’ financial planning goals and retirement planning issues and objectives. This course provides them with a base of knowledge to allow the student to play an important role to ensure that their clients and prospective clients are aware of how identity theft can adversely affect their financial life, both short and long-term. The presentation sheds considerable general and specific light on this growing problem and solutions. It will also help the student to take specific steps to prevent identity theft from happening to them, their families, and their clients.

Planning for retirement and overall financial wellness issues are presented in a framework around the new additional financial “risk” that we all are faced with – Identity Theft. We increase the awareness and understanding for the student of the “cash intensive” nature of annuity products of all descriptions and the fact that they are especially attractive and vulnerable to identity thieves. We discuss and illustrate the enormity of the problem of “Identity Theft” and the fact that it is on the rise. And, it clarifies that the chance of it happening to any one of us, the agents, and our clients is great.

We look at how to get a better handle on knowing how identity thieves work, what they are looking for, what they do with what they steal, and how it affects us both in time and money – all negatively affecting our financial well-being, as well as retirement savings and investing.

We review what should and can be done if, if fact, one becomes a victim of “Identity Theft”.

Required CE Hours for Renewal

Fire and Casualty Broker-Agent

24 CE hours, including 3 hours of ethics, are required every 2 year license term regardless of years licensed.

Life Only Agents and/or Accident and Health Agents

Complete a minimum of 24 approved credit hours for that license type per each two-year license term, including 3 hours of ethics continuing education training. If the licensee solicits individuals for the sale of long-term care (LTC) insurance, beginning with the 12-month period ending in 1994, 8 of 24 hours must be in specially designated LTC courses

Dual Licenses

The CE requirement goes to the individual, not to each license held. The CE requirement can be met by taking courses approved for either license type.

Personal Lines Broker-Agent

Complete a minimum of 24 hours of CE each license term, including 3 hours of ethics continuing education training. The license term is defined as the two-year period beginning on the date the license was originally issued and ends two years later on the last day of the month that the license was originally issued

The Personal Lines Broker-Agent Licensee may satisfy this requirement by taking any approved fire and casualty continuing education course

Limited Lines Automobile Insurance Agent

Complete a minimum of 20 hours of CE each license term, including 3 hours of ethics continuing education training. The license term is defined as the two-year period beginning on the date the license was originally issued and ends two years later on the last day of the month that the license was originally issued.

Special Training/Education Requirements (LTC, Flood, Ethics, others)

Long Term Care -LTC

Initial LTC training requirement: Agents selling Long Term Care must complete an 8-hour
state approved Long Term Care course every year for the first 4-years

On-going LTC training requirement:After completing the initial 8-hour training requirement, producers licensed 4 years or less must complete 8
hours of state-approved LTC training annually for the first 4 years of having their license.
Producers licensed more than 4 years must complete 8 hours of state-approved LTC training in every 2-year license term.

Annuities

Initial training requirement: An approved 8 hour Annuity Training course must
be completed prior to soliciting the sale of any annuity products.

These hours are part of, and not in addition to, the continuing education
requirement.

Flood Insurance Training

An insurance producer who sells flood insurance may satisfy the minimum training
and education requirements by completing a 3-hour course related to the National Flood
Insurance Program (NFIP) which was approved by CDI’s Producer Licensing Bureau’s
Education Section

Homeowners Valuation

On or after June 27, 2011, prior to estimating the replacement value of structures or explaining the various levels of coverage under a homeowners' insurance policy, California resident agents and brokers who have not previously completed the homeowners' insurance valuation training, must do so. Completion of this course will fully meet the training requirements.

The training requirement is part of, and not in addition to, the agents and brokers’ continuing education requirements.

How are Hours Reported

In California, we report to the DOI within one business
day (except holidays, reporting will be done on next business day). The
department recognizes the date you passed/completed the exam as the date of
completion. It is not based upon the day we report the hours to them

Final Exam

Repeating Courses

A course may not be taken for credit more than once within a 2 year license term. Within the first 4 years of selling LTC products, producers may only repeat a LTC course every 24 months from the original course completion date.